The only tie is really has with Chicago is the state capital being there.

Hey Robert, 8x6 is pretty standard size bathroom to fit a tub, vanity and toilet.

A "kiddie condo" is the concept of buying a residential property with "owner occupied" rate financing made possible by having an adult child living in it, if only while they're in college or single.

They trick is normally no way to secure them before you need the money. 

This would be in central Jersey which is still a hot market as a result of record low inventory.I am planning to do this strategy since I want to put low money down (10%) on a construction loan and achieve a quick build to lower my holding fees. 

Typically, refinancing with private lending is much easier and more flexible than going through institutional banks.

Because the foreclosure process is so slow, and nothing is stopping you from selling while it is happening, you may just have enough time to sell the property and capture the equity. 

All you need is a key box and key labels.

The properties have appreciated by about 60K per unit, but my cash flow is roughly break-even after mortgages and expenses.I want to continue growing and learning more.

This is pretty clean.Scenario 2:  Your partner has owned the house for 15 years and has been taking accelerated depreciation, so the book value of the house is very low.